If you recently purchased, you may not have the equity necessary to extract enough to purchase an investment property in San Diego.  

Yes I would, try a local Cape bank thats familiar with that vacation industry and see if you can extract some funds. 

(if my calculations are correct, even at 1200/mo per unit, you'd be grossing 3,600/mo rent, but your payment would be around 3,400/mo--and that doesn't include property management, capex, vacancy, etc...after the dust settles, you'd probably be running at a loss every month...25% down is a LOT of money to spend just to lose even more money each month...)  ...to me, there's probably not enough meat on the bone as just a normal rental, but perhaps there are other ways of extracting value from the property (e.g.; STR, value add, etc., etc.)Good luck out there!

sounds like you might need to call your insurance company, plus hire a company that specializes in remediation right away to preserve anything that might be worth saving, plus extract water, put in fans to avoid mold (if it isn’t there already). 

Just a few years ago it was easy to find properties on MLS that were good BRRRR candidates (not necessarily meaning I could extract all of my investment but at a minimum value add was double the cost of the work when acting as GC).  

Without a bank participating, the transaction avoids the cost of mortgage or discount points, as well as origination fees and a host of other charges that lenders routinely extract during the financing process.

No system can extract motivated sellers from the public.

If there is a value-add opportunity, you should focus on increasing the value of the property to try and extract your down payment when refinancing...at least a portion of it.

We also find it real challenging to extract all investment via BRRRR without an assist from appreciation.  

It's likely in this particular case, they would have needed to extract her anyway but there are many other cases that don't make the news where police need to clean up an eviction mess created by the CDC.